Gulf Development PCL (BKK:GULF)

Gulf Development PCL Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	45,623	34,104	36,055	39,194	19,847	15,902
Short-Term Investments	610.69	1,060	1,805	3,134	2,314	317.6
Accounts Receivable	32,329	21,156	22,842	20,038	10,165	5,660
Other Receivables	8,201	5,690	3,079	3,255	2,396	2,273
Inventory	4,046	3,180	2,958	1,561	1,303	331.02
Loans Receivable Current	148.58	148.85	-	52.62	-	-
Other Current Assets	6,505	6,109	5,947	3,015	2,787	5,870
Total Current Assets	97,462	71,447	72,686	70,249	38,811	30,354
Property, Plant & Equipment	97,489	92,602	92,151	101,908	130,785	130,506
Goodwill	-	112	118	123	7,903	7,680
Other Intangible Assets	5,466	5,454	5,840	3,750	11,061	9,674
Long-Term Investments	198,601	205,486	191,702	172,745	138,914	50,602
Long-Term Loans Receivable	27,111	23,832	20,884	16,445	6,655	4,638
Long-Term Deferred Tax Assets	1,050	780.88	827.22	731.84	1,897	3,018
Long-Term Accounts Receivable	71,258	71,868	57,019	38,644	20,335	-
Other Long-Term Assets	24,041	24,620	18,287	13,575	6,313	9,108
Total Assets	522,478	496,202	459,514	418,172	362,674	245,581
Accounts Payable	14,555	6,072	9,391	7,484	3,080	1,353
Accrued Expenses	7	16	16	3	6	31
Short-Term Debt	23,840	11,392	4,789	6,669	9,998	11,500
Current Portion of Long-Term Debt	28,181	44,482	37,636	22,633	9,528	6,787
Current Portion of Leases	326.53	325.97	252.6	363.39	75.98	73.25
Current Income Taxes Payable	359.23	56.12	44.59	59.66	92.14	4.59
Other Current Liabilities	10,789	9,267	13,494	14,656	12,236	9,894
Total Current Liabilities	78,057	71,610	65,623	51,868	35,016	29,643
Long-Term Debt	286,623	259,230	240,590	219,108	203,296	122,577
Long-Term Leases	1,574	1,635	1,582	1,791	666.88	780.91
Pension & Post-Retirement Benefits	870.18	846.56	735.46	677.78	259.7	231.23
Long-Term Deferred Tax Liabilities	2,024	2,266	1,899	1,684	3,822	3,648
Other Long-Term Liabilities	7,654	6,775	4,981	7,242	12,104	16,620
Total Liabilities	376,802	342,363	315,410	282,370	255,165	173,501
Common Stock	11,733	11,733	11,733	11,733	11,733	11,733
Additional Paid-In Capital	51,822	51,822	51,822	51,822	51,822	51,822
Retained Earnings	52,111	58,566	50,891	43,060	36,931	7,968
Comprehensive Income & Other	125.22	2,036	2,139	4,172	-3,891	-7,496
Total Common Equity	115,792	124,158	116,585	110,787	96,596	64,027
Minority Interest	29,884	29,682	27,519	25,015	10,913	8,053
Shareholders' Equity	145,676	153,840	144,104	135,802	107,509	72,080
Total Liabilities & Equity	522,478	496,202	459,514	418,172	362,674	245,581
Total Debt	340,544	317,065	284,849	250,565	223,564	141,718
Net Cash (Debt)	-294,310	-281,901	-246,990	-208,237	-201,404	-125,499
Net Cash Per Share	-25.08	-24.03	-21.05	-17.75	-17.17	-11.45
Filing Date Shares Outstanding	14,940	11,733	11,733	11,733	11,733	11,733
Total Common Shares Outstanding	11,733	11,733	11,733	11,733	11,733	11,733
Working Capital	19,405	-163.39	7,063	18,381	3,795	711.74
Book Value Per Share	9.87	10.58	9.94	9.44	8.23	5.46
Tangible Book Value	110,326	118,592	110,627	106,914	77,632	46,673
Tangible Book Value Per Share	9.40	10.11	9.43	9.11	6.62	3.98
Land	-	7,491	6,909	6,899	3,445	3,445
Machinery	-	104,484	91,580	82,102	105,966	103,759
Construction In Progress	-	7,696	17,376	32,810	35,379	32,754

Source: S&P Global Market Intelligence. Utility template. Financial Sources.